Affordable housing shows no impact on real estate values in Colorado Springs neighborhoods, study shows | Homeless

As Colorado Springs City Council members on Tuesday consider approving the spending plan for incoming federal Housing and Urban Development funding, a new map shows property values have not decreased in any city neighborhood because of affordable housing projects. 

The information refutes what’s often the leading cause of neighborhood opposition to such development.

“According to the data we have, there is not a single place in the city of Colorado Springs where a low-income project has brought down property values in the last five years,” said Steve Posey, HUD program manager.

That’s also not the case in other states, said Daryn Murphy, vice president of development for Wisconsin-based Commonwealth Development Corp.

“We hear that argument quite often, but we haven’t seen where it actually plays out,” he said.

At least six sections of the city where tax-credited affordable-housing projects have been built are among the neighborhoods that have seen property values increase the most in recent years, Posey noted.

City officials expect to receive an estimated $5 million in HUD funding to address priorities for affordable housing, homelessness prevention, economic development, nonprofit assistance and improvements in low-income neighborhoods. The funding starts April 1 and covers the second year of a

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Home remodeling market sees some bounce back in Colorado

Stuck day and night in homes that feel too cramped or outdated, and with the options to escape to something better increasingly limited, a growing number of homeowners across metro Denver and the state are spending large amounts to renovate and remodel.

“When COVID hit, our home became our offices overnight, it became a school. We moved our father-in-law in because we didn’t feel safe with him living where he was,” said Gina Earles, executive director of Blue Sky Bridge, a nonprofit that oversees child advocacy programs in Boulder County.

With five people crowded full-time into the confines of the family’s north Boulder home, every bit of space became important in a way it wasn’t before, she said. Defects that the family once tolerated became grating.

The work started early in the pandemic, with basement repairs on damage from the 2013 floods making way to add an apartment for her husband Tracy’s father, who is 90. The work quickly moved upstairs over the summer into updates of the furniture, carpet, paint and window coverings, followed by a master bathroom remodel still underway in 2021.

“We always thought our bathroom was dated. It wasn’t a nice space. We hated the tile,

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